Thursday, September 13, 2007

MR- Bullish Breakout?

MR has been riding it's upper trendline for the last week or so. 50 day EMA has been heading up steadily the last couple months same with the 200 day EMA. RSI looks good along with the MACD indicating some nice momentum.

MR is up 1% at 38.43. If it closes today above the trend line and with some strong volume, to go with it, we might see a nice breakout over the next week leading up to Sept 18th.

I think this could be a solid swing trade. I'll check in on it later.


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